Ask HN: Is value based pricing always better than hourly billing?
It seems to be a common consensus that value based pricing is better than hourly billing.
I agree that pricing projects based on value is a better way to leverage your personal value to make more money and create an amazing product for your clients.
However, at what point is someone able to offer value based pricing? For newer freelancers or business owners, is there a "pay your dues" period where hourly billing makes sense until you're more established? Should someone get a really solid handle on their hourly rate before they start pushing into highly profitable pricing strategies?
I'd be curious to hear perspectives from newer freelancers being told they should perform value based pricing. I'd also be interested to hear about the path more experienced freelancers have taken from early freelancing days to very profitable pricing techniques today.
I agree that pricing projects based on value is a better way to leverage your personal value to make more money and create an amazing product for your clients.
However, at what point is someone able to offer value based pricing? For newer freelancers or business owners, is there a "pay your dues" period where hourly billing makes sense until you're more established? Should someone get a really solid handle on their hourly rate before they start pushing into highly profitable pricing strategies?
I'd be curious to hear perspectives from newer freelancers being told they should perform value based pricing. I'd also be interested to hear about the path more experienced freelancers have taken from early freelancing days to very profitable pricing techniques today.